OceanIQ Capital LLC Makes New $968,000 Investment in IRSA Inversiones Y Representaciones S.A. $IRS

OceanIQ Capital LLC bought a new stake in shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 66,588 shares of the financial services provider’s stock, valued at approximately $968,000. IRSA Inversiones Y Representaciones comprises approximately 0.6% of OceanIQ Capital LLC’s holdings, making the stock its 25th largest position.

Other hedge funds also recently made changes to their positions in the company. Verde Servicos Internacionais S.A. purchased a new stake in shares of IRSA Inversiones Y Representaciones in the first quarter worth $648,000. Y Intercept Hong Kong Ltd bought a new position in IRSA Inversiones Y Representaciones in the 1st quarter worth $712,000. RWC Asset Management LLP purchased a new stake in IRSA Inversiones Y Representaciones in the 4th quarter worth $2,577,000. Helikon Investments Ltd raised its holdings in IRSA Inversiones Y Representaciones by 21.0% during the fourth quarter. Helikon Investments Ltd now owns 4,142,489 shares of the financial services provider’s stock valued at $68,517,000 after acquiring an additional 718,512 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of IRSA Inversiones Y Representaciones by 19.3% in the fourth quarter. BNP Paribas Financial Markets now owns 601,369 shares of the financial services provider’s stock valued at $9,947,000 after acquiring an additional 97,089 shares in the last quarter. 45.46% of the stock is currently owned by institutional investors.

Insider Transactions at IRSA Inversiones Y Representaciones

In other IRSA Inversiones Y Representaciones news, CIO Jorge Alberto Cruces sold 24,913 shares of IRSA Inversiones Y Representaciones stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1.53, for a total value of $38,116.89. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 25.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $23.00.

IRSA Inversiones Y Representaciones Stock Up 0.4%

IRS opened at $15.14 on Friday. The company has a market capitalization of $1.28 billion, a PE ratio of 4.38 and a beta of 1.30. The firm has a 50-day simple moving average of $15.13 and a two-hundred day simple moving average of $15.22. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.39. IRSA Inversiones Y Representaciones S.A. has a 52 week low of $10.87 and a 52 week high of $19.14.

About IRSA Inversiones Y Representaciones

IRSA Inversiones y Representaciones SA (NYSE: IRS) is Argentina’s leading real estate company, specializing in the development, acquisition and management of commercial, office, residential and hospitality properties. The company’s core operations encompass the planning and operation of shopping centers, premium office towers in Buenos Aires, urban residential complexes and full-service hotels. IRSA leverages its extensive land bank and development expertise to create mixed-use destinations that cater to evolving urban lifestyles.

IRSA’s shopping center division features a portfolio of flagship malls in Argentina, complemented by its Mall Plaza platform, which develops and operates retail destinations in Chile, Peru and Colombia.